SINGAPORE, Aug 25 Reuters The U.S. dollar rose to a more than twomonth peak on Friday, on course for its sixth straight week of gains, as investors sought its safety as they awaited a speech from Federal Reserve Chair Jerome Powell to gauge the path of interest rates.

Markets will dissect Powell39;s address on monetary policy at the Jackson Hole Economic Policy Symposium at 1005 a.m. ET 1405 GMT to better understand whether the Fed is done with rate hikes and how long it plans to keep rates elevated.

The dollar index , which measures the U.S. currency against six rivals, rose 0.173 to 104.25, the highest since June 7. The index is up more than 2 in August and is set to snap its twomonth losing streak.

Market expects Powell to use the platform tonight to reiterate the 39;higher for longer39; rhetoric given how the U.S. economy has displayed relative resilience, said Christopher Wong, a currency strategist at OCBC in Singapore.

Wong said Powell is likely to stress that policy outcome remains highly dependent on economic data.

The risk is that Powell39;s message or tone comes across as less hawkish than expected, Wong said. He does not need to be dovish but a less hawkish speech could see dollar ease off.

Two Federal Reserve officials tentatively welcomed a jump in bond market yields as something that could complement the U.S. central bank39;s work to slow the economy and get inflation back to the 2 target, while also noting they see a good chance that no more…